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NSFAS says making progress with paying funds - SABC News - Breaking news, special reports, world, business,

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NSFAS News

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NSFAS says it's making progress with the disbursement of funds to students at Universities and TVET.

The National Student Financial Aid Scheme says it’s making progress with the disbursement of funds to students at Universities and TVET Colleges.

It also received the first progress report since the Scheme was placed under administration in April this year. This followed delays in the disbursement of funds and backlogs in application appeals. The Scheme says the direct payment mechanism that has been implemented, is yielding positive results. It is lowering costs from R22 to R1 per transaction, while there have been no queries regarding non-payment from TVET Colleges since May.

He says the biggest challenge is making sure that payments are done on time for students’ accommodation.

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